Gracepoint
Management, a Tampa-based network of accredited behavioral
health and drug and alcohol treatment centers, has selected the Plexus
Revenue Cycle Management™service fromNetsmartto optimize its financial management processes as it scales for
continued growth. Gracepoint’s member agencies and more than 1,000 team
members provide a wide range of inpatient and outpatient treatment
programs in 48 locations spanning seven Florida counties.

“As we continue to grow organically and through acquisitions, one of our
key objectives is to consistently enhance our financial management
processes,” said Joseph Rutherford, chief executive officer, Gracepoint
Management and Mental Health Care Inc. “Netsmart’s revenue cycle team
has the strategic and operational expertise to help us improve our
infrastructure and processes to successfully scale for the future and
continue using more of revenue directly on services for people.
Partnering with Netsmart in this way allows our leadership to focus on
strategic issues that will enable us to grow our organization and
provide better services to the consumers of central Florida.”

Over the next five years, Netsmart will manage and operate Gracepoint's
billing and eligibility, and manage its accounts receivables. Gracepoint
will leverage Netsmart's best practices developed through decades of
serving behavioral health providers nationwide. These strategies are
designed to provide significant return on investment.

Gracepoint will use Plexus Revenue Cycle Management services to:

Control and improve cash flow

Speed billing cycles and optimize billing efficiency

Increase first-submission claims acceptance

Reduce accounts receivable days outstanding

Decrease administration costs to meet state requirements

Keep up with rapidly-changing billing and coding requirements like
ICD-10

“With growth comes the need to scale, and we’re pleased to provide our
revenue cycle expertise to Gracepoint as they focus on further expanding
their mission of educating, advocating for, and giving hope to people
touched by behavioral health and developmental challenges in a large
area of Florida,” said Michael Valentine, chief executive officer,
Netsmart.

Netsmart is committed to helping health and human services providers
deliver effective, outcomes-based care with Netsmart CareFabric™,
a tightly woven framework of innovative clinical and business solutions
and services that supports integrated, coordinated delivery of health
services across the spectrum of care.

More than 23,000 client organizations, including 450,000 care providers
and more than 40 state systems use Netsmart solutions to help improve
the quality of life for more than 25 million people each day. Netsmart
clients include mental health and addiction services agencies, health
homes, psychiatric hospitals, private and group mental health practices,
public health departments, social services and child and family health
agencies, managed care organizations, and vital records offices.

Netsmart is pleased to support the EveryDay Matters Foundation, which
was established for behavioral and public health organizations to learn
from each other and share their causes and stories. Organizations can
also request grants for their cause or to help fund technology that
advances the way care is delivered. For more information, visit www.everydaymatters.com/foundation.

Learn more about how Netsmart and CareFabric are changing the face of
healthcare today. Visit www.ntst.com,
call 1-800-472-5509, follow us on Twitter,
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or visit us on YouTube.

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